Hyzon Motors Inc. Responds to Recent Short-Seller Report
Hyzon Motors Inc. (NASDAQ: HYZN) issued a response to a recent report questioning its operations, asserting that the report contains factual inaccuracies and stems from a firm with a short position in HYZN shares. While Hyzon disagrees with the report's conclusions, it is reviewing the information carefully and plans to issue a more detailed response later. The company continues to focus on providing zero-emission fuel cell electric heavy vehicles, aiming to mitigate emissions from diesel transportation globally.
- Hyzon is a leader in zero-emission fuel cell technology for heavy vehicles.
- The company is focusing on mitigating emissions from diesel transportation.
- The report questions the credibility of Hyzon's operations.
- The report is linked to a firm believed to hold a short position in HYZN.
ROCHESTER, N.Y., Sept. 28, 2021 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN) ("Hyzon" or the "Company"), a leading global supplier of zero-emission fuel cell electric heavy vehicles, today addressed a September 28, 2021 report targeting Hyzon, published by a firm that the Company believes has a short position in the Company's shares.
While the Company disagrees with the conclusions of the report, which it believes are based on a number of factual inaccuracies, it is reviewing the report carefully and intends to respond further in due course.
About Hyzon
Headquartered in Rochester, N.Y., with U.S. operations in the Chicago and Detroit areas, and international operations in the Netherlands, Singapore, Australia, Germany, and China, Hyzon is a leader in fuel cell electric mobility with an exclusive focus on the commercial vehicle market, and a near-term focus on back to base (captive fleet) operations. Utilizing its proven and proprietary hydrogen fuel cell technology, Hyzon aims to supply zero-emission heavy duty trucks and buses to customers in North America, Europe and around the world to mitigate emissions from diesel transportation, which is one of the single largest sources of carbon emissions globally. The Company is contributing to the escalating adoption of fuel cell electric vehicles through its demonstrated technology advantage, leading fuel cell performance and history of rapid innovation. Visit www.hyzonmotors.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, are forward-looking statements. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyzon disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Hyzon cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyzon, including risks and uncertainties described in the "Risk Factors" section of Hyzon's definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission (the "SEC") on June 21, 2021, our Registration Statement on Form S-1 filed with the SEC on July 30, 2021, and other documents filed by Hyzon from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Hyzon gives no assurance that Hyzon will achieve its expectations.
Hyzon Contacts
For Media:
Caroline Curran
Hill+Knowlton Strategies
+1 256-653-5811
caroline.curran@hkstrategies.com
For Investors:
Darla Rivera
Hyzon Motors Inc.
investors@hyzonmotors.com
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SOURCE HYZON Motors
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